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While businesses recognise the value of data, protection still a challenge: Research

L N Revathy Coimbatore | Updated on March 29, 2019 Published on March 29, 2019

 

“With the rapid change in industry dynamics and the advent of newer technologies, it has become imperative for organisations to focus on the practical application of emerging technologies such as AI and IoT, to accelerate their digital transformation journey. The key in this journey is the generation and analysis of data. Interestingly, businesses in India are seeing better potential in the value of data and are monetising it as compared to their global counterparts. And this is a testimony of our progress, highlighting our preparedness for future security outbreaks”, says Ripu Bajwa, Director and General Manager (Data Protection Solutions) at Dell EMC, India.

Bajwa’s observation is based on the findings of a research – The Third Global Data Protection Index 2018 — by Dell EMC.

The findings revealed that organisations in India witnessed a 130 per cent increase in data and 47 per cent of the businesses were already monetising the data as compared to 36 per cent worldwide.

The index specifically uncovered the increase in the average amount of data managed – from 2.79 petabytes (PB) in 2016 to 6.43 PB in 2018 in India, highlighting the high awareness of the value of data.

As many as 2,200 IT decision makers from both public and private organisations with 250-plus employees across 18 countries and 11 industries participated in the survey.

Data loss concerns

While the sheer volume of data and its importance to business operations makes data protection a challenge, the respondents had said that the disruption incidents were frequent and the rise in irreversible data loss was a concern.

Around 30 per cent of the businesses in India (27 per cent globally) said they were unable to recover data using their existing data protection solutions.

The common type of disruptions faced by organisations were unplanned systems downtime, data loss and local disaster that affected access to data for an entire site/ group. Data loss on account of unplanned downtime has been found to be far more expensive. For instance, the monetary loss for businesses in India that encountered 29 hours of downtime on an average in the last 12 months is said to be $9,58,583 (vis-a-vis 20 hours of downtime for global leaders, costing $526,845).

Indian respondents had said that they lost more data than global APJ counterparts, averaging 3.31 terabytes with a price tag of $1,287,788 (against 2.13 terabyte loss costing $995,613 globally).

A majority of respondents had said that there was lack of data protection solutions for emerging technologies, indicating their inability to keep track and protect all data apart from voicing the complexity of configuring and operating data protection software/ hardware.

Published on March 29, 2019
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